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CHANGE IN RATINGSAlliant Techsystems(ATK) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. $72 price target. Multiple headwinds have now passed and the company offers a 12% free cash flow yield.
Cisco Systems(CSCO - Get Report) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $17 price target. Enterprise headwinds are likely to intensify.
Concho Resources(CXO) upgraded at Goldman to Buy, Goldman Sachs said. Permian basin can drive near-term growth. $111 price target.
Eagle Materials(EXP) rated new Buy at Goldman. Company also placed on the Conviction List. $65 price target. Better wallboard and cement pricing can drive earnings upside.
Fastenal(FAST - Get Report) upgraded at Baird from Neutral to Outperform, Robert Baird said. $51 price target. Risk/reward is attractive, given expected accelerated earnings growth.
FleetCor Technologies(FLT) upgraded at Citigroup to Buy from Neutral, Citigroup said. $56 price target. Another beat and raise.
Forest Laboratories(FRX) rated new Buy at Mizuho. $45 price target. New products should help drive future growth.
Groupon(GRPN - Get Report) downgraded at Barrington from Outperform to Market Perform, Barrington said. Poor international growth is weighing on results.
Allscripts(MDRX) downgraded at Piper from Neutral to Underweight, Piper Jaffray said. $7 price target. Bookings are accelerating downward and margins are stagnant.
3M(MMM - Get Report) upgraded at Nomura from Reduce to Neutral, Nomura said. $96 price target. Prioritization strategy can help drive near-term growth.
Microsemi(MSCC) downgraded at Needham from Strong Buy to Buy, Needham said. $24 price target. Company reduced its guidance.
Bank of the Ozarks(OZRK) upgraded at Sterne Agee from Neutral to Buy, Sterne Agee said. $35 price target. Company can help consolidate the industry and outperform in a weak macro environment.
Palo Alto(PANW) rated new Neutral at BofA/Merrill. $65 price target. Company is facing increased competition.
Retail Properties of America(RPAI) downgraded at Citigroup to Neutral from Buy, Citigroup said. $13 price target. Trading closer to peers after rally.
Tumi Holdings(TUMI) rated new Buy at Citigroup. $26 price target. Operating margin upside potential.
WPX Energy(WPX) rated new Hold at Deutsche. $19 price target. Company trades at a discount to its peers, but management needs to execute more consistently.